Brick Beauty with Cashflow
In the heart of North Dunedin this robust six-bedroom flat presents a cash flow opportunity for savvy investors. A testament to durability, this property features sturdy brick cladding that ensures minimal upkeep, freeing investors from the worry of constant maintenance. Coupled with two modernized bathrooms and some timeless décor features, it's the perfect low-maintenance, high-appeal investment.
Immediately across the road lies the oak tree lined expanse of the inner-city sports ground. It is good for the short walk across to the lecture theatres and main University Campus, or a perfect lazy Sunday retreat with the flat mates throwing a ball around.
This property boasts not only an outstanding location but also a promising financial forecast. Currently rented on a fixed term until the end of the year and with a projected weekly rental income of $1,290 per week in 2026, investors can anticipate a cashflow positive venture. The 2026 tenancy agreement, expected to be sealed shortly, further cements the investment's appeal.
With its proximity to the university, anticipated robust returns, and the ease of a freehold title, 618 Great King Street is an astute addition to any property portfolio. For those aiming to capitalise on Otago's vibrant student market, this is the smart property investment choice for 2025 and beyond.
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